REGISTERED NUMBER: 09007037 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Newgen KnowledgeWorks UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

V P Ram

M Elancheran

REGISTERED OFFICE:

6th Floor

9 Appold Street

London

EC2A 2AP

REGISTERED NUMBER:

09007037 (England and Wales)

AUDITORS:

millhall consultants ltd

Carlson Suite

Vantage Point Business Village

Mitcheldean

Gloucestershire

GL17 0DD

FIXED ASSETS

Intangible assets

4

-

-

Investments

5

80

80

80

80

CURRENT ASSETS

Debtors

6

1,223,004

2,438,984

Cash at bank

-

75

1,223,004

2,439,059

CREDITORS

Amounts falling due within one year

7

526,983

2,879,088

NET CURRENT ASSETS/(LIABILITIES)

696,021

(440,029

)

TOTAL ASSETS LESS CURRENT LIABILITIES

696,101

(439,949

)

CREDITORS

Amounts falling due after more than one year

8

1,145,464

-

NET LIABILITIES

(449,363

)

(439,949

)

CAPITAL AND RESERVES

Called up share capital

487,000

487,000

Retained earnings

(936,363

)

(926,949

)

(449,363

)

(439,949

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

V P Ram - Director

1.	STATUTORY INFORMATION

Newgen KnowledgeWorks UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Newgen KnowledgeWorks UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Newgen DigitalWorks Private Limited, No. 4, First Floor, G3 Buildings, Barathi Nagar Cross Street, Off L.B. Road, Thiruvanmiyur, Chennai, Tamil Nadu, India, 600041..

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The company made a loss for the year of £9,414 (2024: loss £184,524). At the year end it had net current assets of £696,021 (2024: net current liabilities £440,029), and net liabilities of £449,363 (2024: net liabilities £439,949). The company is dependent on the continuing financial support of Newgen DigitalWorks Private Limited, its ultimate parent company. The directors have considered the going concern position of the company and its ability to meet its liabilities as they fall due over the next twelve months. The company is funded by and has received financial support from the holding company and from its fellow subsidiaries and at the year end a total of £521,161 (2024: £2,876,194) was owed to group undertakings, with £1,223,004 (2024: £2,438,984) owed by group undertakings. In addition, the company had issued Redeemable Preference Shares in the amount of £1,145,464 (2024: £NIL).

Newgen DigitalWorks Private Limited has confirmed that it will continue to provide the necessary financial support to the company to enable it to continue to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements and to enable the company to continue to meet its liabilities as they fall due.

On the basis of the assessment of the company's financial position and the support provided by Newgen DigitalWorks Private Limited, at the time of approval of these financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence as a going concern for the foreseeable future and, in any event, for at least twelve months after the date of approval of these financial statements. Consequently the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

340,134

AMORTISATION

At 1 April 2024

and 31 March 2025

340,134

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 April 2024

and 31 March 2025

80

NET BOOK VALUE

At 31 March 2025

80

At 31 March 2024

80

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Newgen Publishing UK Ltd.

Registered office: United Kingdom

Nature of business: Publishing

%

Class of shares:

holding

Ordinary

80.00

2025

2024

£

£

Aggregate capital and reserves

(624,738

)

(693,120

)

Profit/(loss) for the year

68,382

(682,077

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

1,223,004

2,438,984

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,022

-

Amounts owed to group undertakings

521,161

2,876,194

Other creditors

4,800

2,894

526,983

2,879,088

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

1,145,464

-

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

1,145,464

-

During the year, Redeemable Preference Shares, carrying a fixed, non-cumulative preferential dividend of 7.5% of the nominal value, were issued, in the total amount of 1,145,464 shares of £1 each.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may case doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Ben Hall FCA (Senior Statutory Auditor)

for and on behalf of millhall consultants ltd

10.	RELATED PARTY DISCLOSURES

The company has taken the exemption from disclosing related party transactions with companies under the same control in accordance with FRS 102 - Section 33 "Related Party Disclosures".

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by Newgen DigitalWorks Pvt Ltd., a company incorporated in India, based on its shareholding.

Newgen DigitalWorks Pvt Ltd. represents the smallest and largest group for which the consolidated accounts are prepared. Consolidated accounts are available from Newgen DigitalWorks Pvt Ltd., Baid Hitech Park 3rd Floor, 129 B, East Coast Road, Thiruvanmiyur, Chennai, Tamil Nadu, India, 600 041.